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[ENTITY FILE] SUBJECT-0614 INSTITUTION ACTIVE
FY
// Subject

Federal Reserve Bank of New York‍‌‌​​‍‌‌‍​‍‌‍​‍‍​‌‌‍‍‌‍‌‍

Managing member and consolidating entity of Maiden Lane LLC
Tracked Managing member and consolidating entity of Maiden Lane LLC · 9 documented connections
Facts on record5
Connections mapped9
Sources cited8
View on Graph → Export CSV ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
Connection Map
Key Connections
→ Entity #159
government_contractor
The NY Fed enlisted BlackRock via no-bid contracts during both the 2008 financial crisis and the 2020 COVID pandemic to manage distressed securities, value toxic assets, and purchase corporate bonds. These contracts drew scrutiny over conflicts between BlackRock's advisory role and its own investment business.
→ Entity #33
managing_member
FRBNY serves as managing member and consolidates Maiden Lane LLC
→ Entity #615
contractual_services
FRBNY contracted BlackRock as investment manager and due diligence advisor for Maiden Lane operations
→ Entity #8820
rescued_by
The FRBNY provided the $28.82 billion Maiden Lane I loan and brokered the JPMorgan acquisition. This was the first time the Fed had extended emergency credit to facilitate the rescue of a non-bank financial institution.
→ Entity #9792
primary_dealer
Cantor Fitzgerald is a designated FRBNY primary dealer, authorized to bid at Treasury auctions and trade directly with the Fed. This status gives it privileged access to U.S. government debt markets and Fed liquidity facilities.
← Entity #25
crisis_manager
Managed toxic assets and bailout programs during 2008 crisis
← Entity #624
department
Specialized staff office created to oversee all Maiden Lane LLC asset management
← Entity #161
client
FRBNY engaged Aladdin (via BlackRock's FMA division) to value Maiden Lane I, II, and III portfolios in 2008 and to manage corporate bond purchases in 2020. Aladdin's outputs became the official government valuations.
Facts (5)
Data Freshness
Fresh Last update: 5d ago · Avg age: 722d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
Raw Filing Records (5) — unsourced metadata
Pending Review The FRBNY required BlackRock to provide daily reports of inventory, trade‍‌‌​​‍‌‌‍​‍‌‍​‍‍​‌‌‍‍‌‍‌‍s, and risk assessments for the SMCCF using BlackRock's Aladdin platform.
Date: 2020-03-27 Added: 02 May 2026
Pending Review The FRBNY retained BlackRock Financial Markets Advisory as a thi‍‌‌​​‍‌‌‍​‍‌‍​‍‍​‌‌‍‍‌‍‌‍rd-party vendor to serve as the investment manager for the SMCCF.
Date: 2020-03-24 Added: 02 May 2026
Pending Review During the 2020 pandemic, the FRBNY established the Secondary Market Corporate Credit Faci‍‌‌​​‍‌‌‍​‍‌‍​‍‍​‌‌‍‍‌‍‌‍lity (SMCCF) and financed a special purpose vehicle called Corporate Credit Facilities LLC.
Date: 2020-03-23 Added: 02 May 2026
Pending Review The FRBNY created Maiden Lane LLC in 2008, extending a $28.82 billion loan to facilitate JPMorgan Chase's takeover of Bear Stearns by purchasing approximately $30 billion of its assets.
Date: 2008-04-29 Added: 02 May 2026
Pending Review Search scope note: No usaspending contracts found for "Federal Reserve Bank of New York" in automated database search as of 2026-04-13. This reflects search coverage limits, not confirmed absence from public record.
Added: 13 Apr 2026
All Connections (9)
→ Entity #159
government_contractor confirmed
The NY Fed enlisted BlackRock via no-bid contracts during both the 2008 financial crisis and the 2020 COVID pandemic to manage distressed securities, value toxic assets, and purchase corporate bonds. These contracts drew scrutiny over conflicts between BlackRock's advisory role and its own investment business.
→ Entity #33
managing_member, special purpose vehicle confirmed
FRBNY serves as managing member and consolidates Maiden Lane LLC · Created and consolidated by FRBNY as crisis intervention vehicle
→ Entity #615
contractual_services confirmed
FRBNY contracted BlackRock as investment manager and due diligence advisor for Maiden Lane operations
→ Entity #8820
rescued_by primary
The FRBNY provided the $28.82 billion Maiden Lane I loan and brokered the JPMorgan acquisition. This was the first time the Fed had extended emergency credit to facilitate the rescue of a non-bank financial institution.
→ Entity #9792
primary_dealer primary
Cantor Fitzgerald is a designated FRBNY primary dealer, authorized to bid at Treasury auctions and trade directly with the Fed. This status gives it privileged access to U.S. government debt markets and Fed liquidity facilities.
← Entity #25
crisis_manager confirmed
Managed toxic assets and bailout programs during 2008 crisis
← Entity #624
department confirmed
Specialized staff office created to oversee all Maiden Lane LLC asset management
← Entity #820
financial_crisis_coordination secondary since 2009
Both entities involved in financial crisis response programs during 2008-2009 period, with Treasury coordinating PPIP while Federal Reserve Bank of New York managed related crisis interventions
← Entity #161
client primary
FRBNY engaged Aladdin (via BlackRock's FMA division) to value Maiden Lane I, II, and III portfolios in 2008 and to manage corporate bond purchases in 2020. Aladdin's outputs became the official government valuations.
Sources (8)
2020-04-22 UNVERIFIED Reps. Pressley, García, Tlaib Call for Stricter Oversight over BlackRock Contrac… external_handoff Processed
2020-03-27 UNVERIFIED Terms of Assignment for BlackRock on Behalf of the Federal Reserve Bank of New Y… external_handoff Processed
2021-12-17 UNVERIFIED Secondary Market Corporate Credit Facility external_handoff Processed
2018-09-18 UNVERIFIED Maiden Lane Transactions external_handoff Processed
2026 UNVERIFIED Research: Federal Reserve Bank of New York — Parliamentary records (no results) parliamentary_record Processed
2026 UNVERIFIED Research: Federal Reserve Bank of New York — Court records (no results) court_document Processed
2026 UNVERIFIED Research: Federal Reserve Bank of New York — Lobbying disclosures (no results) government_disclosure Processed
2026 UNVERIFIED Research: Federal Reserve Bank of New York — USASpending contracts (no results) contract Processed